Global cloud robotics market is expected to grow impressively over the forecast period. Factors that are augmenting the market growth are surging prominence of cloud technology, increasing adoption of robotics across end-users, and increasing adoption of IoT coupled with advancements in AI and machine learning technologies. However, security and privacy concern, and high initial cost, and high R&D expenses are likely to create hindrance to the market growth over the forecast period. Besides, rising demand for software-as-a-service (SaaS) across the emerging market of the developing economies is likely to create a number of opportunities for the market. The scope of the study is geographically limited to North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Cloud Robotics is generally all about employing exceptional virtual innovations of cloud computing in the physical features of usual robots which ultimately results in smarter robots. It further nurtures the functionality of simple robots by relying on cloud computing as an additional source of memory and processing. Cloud robotics is gaining huge traction as cloud-based AI progresses and robotics get increasingly competent. Moreover, it poses certain features and offers various benefits as compared to stand-alone ones, which are likely to manifest their use in various verticals including healthcare, manufacturing, defense, logistics and many others.

Global cloud robotics market consists of several market players including Google LLC, Amazon Robotics, Huawei Technologies Co., Ltd., DroneDeploy, Inc., CloudMinds, Inc., and V3 Smart Technologies Pte Ltd. In order to stay competitive in the market and give the edge to edge competition to their rivals, market player adopt various strategies. Strategies such as mergers & acquisition, partnership & collaborations, product launch, geographical expansion, and many others are majorly followed by these market players. For instance, in September 2017, CloudMinds partnered with Globetouch in order to provide connectivity for robots and other AI initiatives. These companies strive to provide better control to robots with a rapid motion by developing cloud-based applications and platforms.

Research Methodology

The market study of the global cloud robotics market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

Financial reports of companies involved in the market

Authentic Public Databases such as the US Department of Commerce, International Trade Administration, and others

Whitepapers, research-papers and news blogs

Company websites and their product catalog

The report is intended for research organizations, software vendors, IoT platform/middleware providers, third-party integration providers, robot manufacturers, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

Global Cloud Robotics market is segmented on the basis of regional outlook and following segments: